Bankruptcy Law

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I owned a piece of property free and clear that I sold and
I owned a piece of property free and clear that I sold and hold the mortgage on. I gave the person that bought the property a clear title. I receive monthly payments and have a balloon note due in a f… read more
wallstreetfighter
wallstreetfighter
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Hi My business partner wants to file bankruptcy this month,
Hi My business partner wants to file bankruptcy this month, but I do not. I just signed a deed transfer on Tuesday for my home to my ex-wife due to a divorce settlement. The divorce settlement was fin… read more
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I have one more question.... someone mentioned to me about
I have one more question.... someone mentioned to me about something called Tenancy by Entirety Exemption... I had recently asked a question about a parcel of vacant land I own. It was purchased with … read more
socrateaser
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If I file a chapter 7 bankruptcy in Florida for credit card
If I file a chapter 7 bankruptcy in Florida for credit card debt and all I own (aside from clothing) is a car which is worth between $1k to $2k, some old furniture (probably totals about $800 at the m… read more
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My mother and I purchased, in full, a vacant lot several years
My mother and I purchased, in full, a vacant lot several years ago. She has filed bankruptcy and is working with the trustee to sell her assets in order to pay off some of her debt. One of the assets … read more
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do you have to sell your only primary free and clear residence
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Phillips Esq.
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I have a mobile home that I own jointly with my son who lives
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Under the chapter 7 definition of debt, assets vs liabilities,
Under the chapter 7 definition of debt, assets vs liabilities, is assets considered, income, assets (personal home value),etc. and revenue? Is liabilities considered all credit cards total value, mort… read more
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I have an LLC and I have 3 properties under the LLC that are
I have an LLC and I have 3 properties under the LLC that are paid off. I was living in a friends triplex. I moved into one of the properties under the LLC. Hoping I could save it before I go bankrupt.… read more
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My wife and I are separated. We have a mobile home and lot
My wife and I are separated. We have a mobile home and lot (This is my permanent residence) which is debt free in both our names. We have a '97 Ford pickup debt free,. We have a 2005 Jeep with a mortg… read more
cfortunato
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Thinking about filing chapter 7 my husband and a friend bought
Thinking about filing chapter 7 my husband and a friend bought two pieces of land a couple of years ago but they are both in my husbands name do they have to go on the bankruptcy or can they be put in… read more
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My wife has been unemployed now for over a year and we have
My wife has been unemployed now for over a year and we have lost hope of her finding a job in her field. We have mounting credit card debt and looks like we will have to claim Chapter 7 after her unem… read more
socrateaser
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I am filing for divorce. In he meantime, I am gathering my
I am filing for divorce. In he meantime, I am gathering my information to file bankruptcy due to a failed business. There is a possibility that one of my would be creditors will find out about the ban… read more
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I have a $5000 credit for a land purchase that was taken back
I have a $5000 credit for a land purchase that was taken back by the original owner. My question is what is the California code required on the bankruptcy papers? Similar codes used are Calif. C.C.P. … read more
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I rent a house from a landlord, then found out he was being
I rent a house from a landlord, then found out he was being foreclosed on, so I filed bankruptcy, thinkn it would stop the sale. Now the attorneys are evicting, claiming that I dont have any interest … read more
Brent Blanchard
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I own a half million of rental property and a couple hundred
I own a half million of rental property and a couple hundred thousand in 401k/ira accounts. Can I incorporate the rental property into a business and protect myself from creditors in a bk in IL?… read more
CALawyer
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I would to know: my wife and I live in Ca, we have 50 acres
I would to know: my wife and I live in Ca, we have 50 acres of rural land in Az debt free (value @ 20,000.00), we would like to either deed it to our son who lives in Az as a gift or sell it to him at… read more
socrateaser
socrateaser
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This is going to sound confusing but here goes. my husband
This is going to sound confusing but here goes. my husband and I filed bankruptcy. I owned a piec of ground attached to my home but it was given to me when my father passed away and is free and clear.… read more
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Meet the Experts:

Terry L.

Terry L.

Attorney

2,772 satisfied customers

Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.

cortrightlaw

cortrightlaw

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513 satisfied customers

Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.

JoeLawyer

JoeLawyer

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376 satisfied customers

Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

Attorney

262 satisfied customers

Experienced consumer bankruptcy attorney.

Fritz

Fritz

Attorney

209 satisfied customers

Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases

Law Girl

Law Girl

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153 satisfied customers

I am an attorney.

Paul K, Esq.

Paul K, Esq.

Attorney

141 satisfied customers

10 years Exp., Great customer service, Prompt responses.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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